With Biden's election just being certified, many people are wondering what the CBD industry will look like in the coming years.
As many can imagine, Biden's progressive stance on Cannabis is such that will likely open many doors for both Marijuana and Cannabidiol (CBD).
We are likely to see a shift from the U.S. Department of Justice in their treatment toward the industrial hemp plant which began with Jeff Sessions under the beginning years of the Trump Administration and moved forward under Barr.
We’re also likely to see new leadership positions at the FDA. This may lead to the an end of the stalemate as it relates to creating rules for extracts derived from the industrial hemp plant. This action by the FDA will likely take precedence and have a major impact around the world as we have seen revolving hemp extract regulations policies and court decisions come out in recent weeks.
For more info about CBD in 2020/2021, watch the video below.